Mr. Matthew Wood reports

ARANJIN RESOURCES ANNOUNCES CLOSING OF ITS AUSTRALIAN COPPER PROJECT ACQUISITIONS

Further to the press release dated Oct. 10, 2023, Aranjin Resources Ltd.'s acquisition of an 80-per-cent interest in the Bangemall, Gawler and Western Wood copper projects in Australia has closed in escrow.

The TSX Venture Exchange has conditionally approved the Australian transaction. Forty million common shares of the company have been issued to Metals of Australia Pty. Ltd., and 15 million common shares have been issued to Western Wood Capital Pty. Ltd. as consideration for completion for the Australian transaction at a deemed issuance price of 1.5 cents per common share. The total five million common shares issued to MoA and WWC are being held in escrow subject to the completion of customary transaction conditions and receipt of final TSX-V approval for the Australian transaction.

The common shares issued to MoA and WWC are subject to a statutory hold period of four months and one day under applicable securities laws.

In connection with the Australian transaction, the company has entered into unincorporated joint ventures with MoA and WWC, and granted a 4-per-cent net smelter return royalty on the Bangemall and Gawler projects to MoA and a 3-per-cent net smelter return royalty on the Western Wood project to WWC.

Matthew Wood, executive chairman of Aranjin, stated: "Aranjin is now extremely well placed with two projects in Mongolia and three projects in Australia. All projects have multiple drill targets that are planned to be tested in the coming year. With the process for dual listing on the ASX already under way, 2024 is shaping up to be an exciting year of transformational growth for Aranjin and its shareholders."

We seek Safe Harbor.